Sideways trend

27.04.2021

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Daily chart: forecasts of the ADX indicator do not change and remain at a low flat level. This may cause the price to roll back down to the middle Bollinger band (1.3836).

Н4: horizontally oriented local Bollinger envelopes also limit the probable trading range today by the corridor 1.3836-1.3925.

Н1: on all monitored timeframes there is a tendency towards sideways non-directional price movement. Within the day, the pair’s volatility will probably be limited to 35 points (Bollinger envelope range 1.3875-1.3907).

Conclusions: flat in the range 1.3875-1.3907.
Trading decisions: short-term deals in the corridor 1.3875-1.3907.